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The Arthur M. Blank Family Foundation recently awarded a $60,000 grant to the North Carolina Clean Energy Fund (NCCEF) to support clean energy development.

Cities, businesses, schools, and individuals can now contribute to effective climate solutions and benefit from the clean energy economy, thanks to the Inflation Reduction Act (IRA). The landmark law created an array of financing incentives and credits designed to benefit tax-exempt entities – and much of the funding is uncapped.

As shown here, NCCEF is well positioned to enhance some school districts’ purchasing power. We also find that if financing is structured correctly, ESB fuel savings combined with their battery energy storage capabilities, can provide returns that sustain and broaden NCCEF investments.

Duke University published a study in 2019 that would serve as a road map for stakeholders in North Carolina working to boost energy efficiency efforts across the state – to both reduce costs and curb carbon emissions.

As the threat of climate change looms over North Carolina, so does the accompanying risk of deteriorating water quality and the economic impacts it can bring.

This report outlines investment principles for the North Carolina Clean Energy Fund (NCCEF) and evaluates the extent to which selected investment opportunities align with these principles.